Capitalization of Open Spaces into Housing Values and the Residential Property Tax Revenue Impacts of Agricultural Easement Programs

By J. Geoghegan, L. Lynch, S. Bucholtz. Agricultural and Resource Economics Review, 2003

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Landscape amenities and local development: a review of migration, regional economic and hedonic pricing studies (2010, background): “…(e.g. distance to nearest forested area), proportion measures (e.g. percentage of land classified as open space within a given distance from the 13 Geoghegan et al. (2003), Nelson (1986), Nicholls and Crompton (2005), and Thorsnes (2002) estimated several models with independent sub-samples.”
THE VALUE OF OPEN SPACE: EVIDENCE FROM STUDIES OF NONMARKET BENEFITS (2005, background): “For example, in terms of preservation of agricultural areas, estimates of the value of an additional acre from the CV studies are consistent with or somewhat lower than the estimates of the Irwin (2002) and Geoghegan et al. (2003) hedonic studies for an additional acre of conserved farmland. For wet”
Multifunctionality, Agricultural Policy, and Environmental Policy (2004, background): “There may also be beneficial externalities that do not rise to the level of a pure public good—for example, open space may increase property values on adjacent parcels of land ( Geoghegan, Lynch, and Bucholtz, 2003 ).”
Are Travelers Willing to Pay a Premium to Stay at a “Green” Hotel? Evidence from an Internal Meta-Analysis of Hedonic Price Premia (2010, background): “Kiel and Zabel (1999) investigate the validity of this assumption by comparing actual sale prices to self-reported values.”